Archive for the 'Collapse' Category
Gardening Industry Sees Boom as Families Grow Their Own Veggies to Save on Groceries
March 16th, 2009Path to Freedom is soooo good. Here’s the Journal, in case you get lost in all of the quality information on the main site. The Dervaes family was my inspiration to learn how to garden. They have taken urban homesteading to unthinkable levels; certainly beyond what might have been thought of as “maximum” even a […]
UK: On Average There Are 10 Jobseekers for Every Vacancy Advertised
March 15th, 2009Via: Guardian: Startling new figures have revealed that on average there are 10 jobseekers for every vacancy advertised in the UK. In one area of the south-east, 60 workers are available for each job. This week, as unemployment is expected to burst through the 2 million barrier, The Observer can reveal that the spectre of […]
A.I.G. Planning Huge Bonuses After $170 Billion Bailout
March 15th, 2009Via: New York Times: The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year.
The Price of a Sterling Crisis
March 15th, 2009Via: Guardian: In order to know whether sterling’s decline is cause for worry or cheer, we need to examine its causes. Research commissioned by the Monetary Policy Forum suggests sterling may have moved to a permanently lower level, reflecting a preference shift away from what the UK was thought to do best: financial services. We […]
Bank of Canada Hints at Quantitative Easing Moves
March 15th, 2009Is it just me or is it the Ides of March? Via: Reuters: The Bank of Canada hinted on Saturday it could soon start printing money to create growth after a global pledge by central banks to take extreme action as economic conditions deteriorate. G20 central bankers, meeting with finance ministers ahead of the London […]
IMF Poised to Print Billions of Dollars in ‘Global Quantitative Easing’
March 15th, 2009Lolly scramble, locked and loaded. Confetti howitzers at the ready. Via: Telegraph: The International Monetary Fund is poised to embark on what analysts have described as “global quantitative easing” by printing billions of dollars worth of a global “super-currency” in an unprecedented new effort to address the economic crisis. Alistair Darling and senior figures in […]
Lenders of Last Resort in San Francisco
March 14th, 2009UPDATE: See The Batshit Crazy Southern California Version of the Story Below—Now with Even More Michael Jackson Via: San Francisco Chronicle: Things changed about a year ago. People aren’t coming in for spare cash any more. This is financial life and death. “This is the worst I have ever seen,” said managing partner Joseph Chait. […]
China’s Leader Says He Is ‘Worried’ Over U.S. Treasuries
March 13th, 2009Remember what I said about the “Leader Board of Doom”? I have a sort of “Leader Board of Doom” that I watch closely. This is the order: Britain U.S. Treasuries Japan China California Mexico Bond and note auctions continue in an orderly manner. Via: New York Times: The Chinese premier Wen Jiabao expressed concern on […]
Emergency: This Book Will Save Your Life by Neil Strauss
March 13th, 2009I haven’t read Emergency yet, but HOLY COW, the entertainment value on this one should be worth the purchase price alone. A previous Neil Strauss book, The Game, was about how to pick up women. So, while I doubt that John ‘lofty’ Wiseman has anything to worry about, Strauss seems pretty determined to learn about […]
Geithner: Global Action Needed to Combat Recession
March 12th, 2009Via: AP: Treasury Secretary Timothy Geithner says the global recession is deepening and urged strong actions by all major nations to combat the downturn. Geithner says the Obama administration believes it is essential for other major countries to commit to substantial and sustained efforts to bolster their economies. His comments highlighted a growing rift with […]
